AUBURN HILLS, Mich. — Delphi on Friday announced that it is seeking buyers for its global exhaust business as part of the company’s transformation plan.
The business to be sold relates to the design and manufacture of the exhaust system front exhaust module ("hot end") including catalytic converters and exhaust manifolds. The business serves more than 10 major customers and includes sites in Blonie, Poland; Clayton, Australia; Gurgaon, India; and Port Elizabeth, South Africa; as well as joint venture interests in Shanghai, China; and Monterrey, Mexico; and technical centers in Auburn Hills and Flint, Mich.; and Bascharage, Luxembourg.
Although Delphi intends to divest its exhaust business, the company intends to continue to provide full engine management systems, including air and fuel management, and combustion and valve-train technology.
Additionally, Delphi’s non-equity based alliance with Belgium-based Bosal Group to offer complete exhaust systems will be terminated by mutual agreement. The alliance was announced in the spring of 2005. Delphi and Bosal together provided customized exhaust systems for automotive and commercial vehicle manufacturers worldwide to meet stringent exhaust emissions standards and reduce engine noise.
Pending court approval, Delphi will retain Lincoln International, a leading global mid-market investment bank, to explore sale opportunities. Parties interested in Delphi’s exhaust business should contact Robert Satow at (+1) 212.277.8102 or [email protected].
For more information about Delphi, visit www.delphi.com.
